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Again raised $43 million in Series A funding led by Google Ventures and HV Capital to research food and feed products made of carbon dioxide

PRIVATEJul 17, 2024•almost 2 years ago

Amount Raised

$43 Million

Round Type

series a

London

Investors

Hv CapitalGoogle Ventures

Description

Copenhagen-based climate tech startup Again raised $43 million in Series A funding from Google Ventures and HV Capital. The company plans to use the funds to research food and feed products made of carbon dioxide, with the goal of rolling out its first operations by the end of 2025 or early 2026.

Company Information

Company

Again

Location

London, England, United Kingdom

About

The startup has partnered with Budweiser Brewing Group, Diageo (Johnnie Walker Black and Smirnoff) and Biffa to launch its pilot scheme.Its partnership with Biffa will use an electric vehicle provided by Renault to collect waste bottles from Arsenal’s Emirates Stadium, Greene King, Clays and a group of London nightclubs.Eka Ventures is a $95m early stage impact venture fund.“Again’s focus on using the existing logistical infrastructure and using technology and data to make reusable packaging as simple and affordable as single-use is exactly the kind of company we look to back at Eka,” said Jon Coker, Eka Ventures. Again claims its CleanCells use 76% less water, 90% less energy whilst being able to clean thousands of packaging each month. Its technology, Again says, also means that it costs the same as single-use packaging for smaller brands.“Reusable packaging is the future but today it’s prohibitively expensive for brands.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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